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Dec 22, 2012
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it is president obama talking to the senate. he's talking to the senate democratic leader, harry reed, talking to move forward with some sort of smaller package to avert those tax hikes that are set to kick in. and obviously there's going to need to be some buy-in from the senate minority leader, republican mitch mcconnell. so that's where things stand. and president obama is actually hopeful that something could still be pulled off. listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> reporter: now, of course, if the senate were to pass something and reconvene on december 27th, don, it would also then need to pass the house. but the expectation is that whatever would be worked out in the senate, if it is, would pass the house hopefully not just with republican support, but it would need democratic support, as well. and just to be clear, the thing that president
it is president obama talking to the senate. he's talking to the senate democratic leader, harry reed, talking to move forward with some sort of smaller package to avert those tax hikes that are set to kick in. and obviously there's going to need to be some buy-in from the senate minority leader, republican mitch mcconnell. so that's where things stand. and president obama is actually hopeful that something could still be pulled off. listen. >> nobody can get 100% of what they want. and...
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Dec 23, 2012
12/12
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president obama is drawing the line at incomes of $400,000 or hire. >> you can afford to pay a little bit more. you know, you're not -- you're not too strapped. >> reporter: earl mack falls well within the rang of wealthy as a multimillionaire. he agrees millionaire earners should see taxes rise. >> we are, this country, is in a lot of fiscal trouble. and i think it's the obligation of all those that can give and help out the country. we're americans and we should. and it's our -- it's aour heritage. >> reporter: mack, who is a former ambassador to finland says the rich could chip in other areas. he made his fortune in real estate development and investment. he says leave the capital gains tax alone because that encourages business development. but he says the dividends tax rate should be raised back to 25%. he says congress should close tax loopholes on luxury items for jets and yachts. founders stock, he says, should be taxed at ordinary income tax rates and he says it's time to touch entitlements. he believes there should be means testing that cuts off the megarich from government
president obama is drawing the line at incomes of $400,000 or hire. >> you can afford to pay a little bit more. you know, you're not -- you're not too strapped. >> reporter: earl mack falls well within the rang of wealthy as a multimillionaire. he agrees millionaire earners should see taxes rise. >> we are, this country, is in a lot of fiscal trouble. and i think it's the obligation of all those that can give and help out the country. we're americans and we should. and it's...
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Dec 22, 2012
12/12
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lawmakers and president obama have left washington for christmas, and with no consensus on the momentous tax hikes and spending cuts set to go into effect january 1st. cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist that something can still be done. but the fact is it's going to be something smaller. he's now pushing for tax cuts to be preserved for americans making $250,000 or less and pushing for unemployment benefits to be extended for a couple million americans. listen to some of what he said but also still some of the house republican opposition to this short-term plan he's pushing. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle-class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on
lawmakers and president obama have left washington for christmas, and with no consensus on the momentous tax hikes and spending cuts set to go into effect january 1st. cnn's brianna keilar is live in hawaii where the president is vacationing. br breanna, is the president overly optimistic a last-minute deal can be reached? >> reporter: i don't know, miguel, if you could say overly optimistic. we heard him last night in the briefing room of the white house saying he's a hopeless optimist...
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Dec 26, 2012
12/12
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the thing is, some are asking president obama to step in because what president obama could do, they could invoke a federal law to get everybody to kind of step aside and come to some sort of agreement. so it's going to be interesting to watch because the deadline really is fast approaching. >> can the government do anything? >> reporter: well, if president obama steps in, it could. but this really is a battle between the workers and the union and wages and these bonuses. so we're going to see if president obama steps in. we do know that president obama is coming back from his vacation in hawaii early. who knows? he may address this situation as well. >> alison kosik, thank you very much. there hasn't very much. there hasn't been an east coast port strike since 1977. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na
the thing is, some are asking president obama to step in because what president obama could do, they could invoke a federal law to get everybody to kind of step aside and come to some sort of agreement. so it's going to be interesting to watch because the deadline really is fast approaching. >> can the government do anything? >> reporter: well, if president obama steps in, it could. but this really is a battle between the workers and the union and wages and these bonuses. so we're...
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Dec 25, 2012
12/12
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we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the fiscal cliff. stay with cnn for any movement on that standoff day or night. we're the woolstons in turkey. i'm joel. >> katy, sidney, brittany. >> we'd like to wish merry christmas to our family in idaho. merry christmas! >> merry christmas! >> happy holidays! t an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. with odor free a
we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the fiscal cliff. stay with cnn for any...
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Dec 24, 2012
12/12
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president obama. for secretary of defense, chuck hagel is not a responsible option. >> that's from the emergency committee for israel, pro israeli group, of course. i want you to listen also to what senator joe lieberman, an independent and another very prominent republican senator from hagel's own party had to say about him over the weekend. >> i would have some really serious questions to ask him. not just about israel, but to me, the most significant foreign policy challenge for president obama and our country and the world in the next year or two is iran and its nuclear weapons program. chuck hagel has had some very outlying votes on that. >> i don't think he's going to get republican votes. i like chuck, but his positions, i didn't really quite frankly nomo all know all of them. >> senator lindsey graham, very prominent senator, already some of hagel's own republican party coming up against him. >> we'll see if this campaign against him is effective enough, i guess, barbara, in order for this nom
president obama. for secretary of defense, chuck hagel is not a responsible option. >> that's from the emergency committee for israel, pro israeli group, of course. i want you to listen also to what senator joe lieberman, an independent and another very prominent republican senator from hagel's own party had to say about him over the weekend. >> i would have some really serious questions to ask him. not just about israel, but to me, the most significant foreign policy challenge for...
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Dec 26, 2012
12/12
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long and bitter campaign, president obama won re-election. in 2012, the president also won the supreme court stamp of approval for his health care reform program and made history with this statement. >> i think same-sex couples should be able to get married. ♪ >> as 2012 comes to a
long and bitter campaign, president obama won re-election. in 2012, the president also won the supreme court stamp of approval for his health care reform program and made history with this statement. >> i think same-sex couples should be able to get married. ♪ >> as 2012 comes to a